Salant Family Foundation Tr Eu R Salant Rev Tr Uad 102009
- Assets
- $3.6m
- Revenue
- $116.9k
- Investments
- $3.4m
- Employees
- 0
- Location
- Kannapolis, NC
- Founding
- Data as of
- 06/2024
- EIN
- 85-6369965
Organization Overview
Salant Family Foundation Tr Eu R Salant Rev Tr Uad 102009 is located in Kannapolis, NC. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salant Family Foundation Tr Eu R Salant Rev Tr Uad 102009 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Salant Family Foundation Tr Eu R Salant Rev Tr Uad 102009 generated $116.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (59.0%) each year. All expenses for the organization totaled $228.7k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Salant Family Foundation Tr Eu R Salant Rev Tr Uad 102009 has awarded 196 individual grants totaling $700,324. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Camille Kanofsky Advisory Committee Member | 5 | $0 | |
Renee Salant Advisory Committee Member | 3 | $0 | |
Robin Salant Advisory Committee Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $38 |
| Dividends & Interest | $108,117 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,783 |
| Capital Gain Net Income | $8,783 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,938 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,524 |
| Total operating and administrative expenses | $33,850 |
| Contributions, gifts, grants paid | $194,800 |
| Total expenses and disbursements | $228,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,450 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $146,399 |
| Total assets | $3,598,464 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Salant Family Foundation Tr Eu R Salant Rev Tr Uad 102009 has awarded $194,800 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTE LATIN SCHOOL PURPOSE: FURTHER EXEMPT FUNCTION | $1,000 |
MEMPHIS PUBLIC INTEREST LAW CENTER PURPOSE: FURTHER EXEMPT FUNCTION | $18,000 |
FOUNDATION OF SHALOM PARK PURPOSE: FURTHER EXEMPT FUNCTION | $500 |
ALZHEIMERS ASSOCIATION PURPOSE: FURTHER EXEMPT FUNCTION | $1,000 |
FRIENDSHIP CIRCLE PURPOSE: FURTHER EXEMPT FUNCTION | $500 |
BRIDGES USA PURPOSE: FURTHER EXEMPT FUNCTION | $1,800 |